BITCOIN cup and handle pattern

here is a possible scenario which could take place the next move of btc
we got the famous cup and handle pattern. now i took the Fibonacci and putted from the bottom to the target we ''should'' get if this is the case of the pattern. now we should have support at the 0.618 blue line at 8578 which will possible create the handle.
target 10400$

keep an eye on this one